Looking to diversify beyond CAMX? The ETFs below have historically moved differently from CAMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CAMX
379 ETFs have low correlation with CAMX (below 0.3), 63 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | CAMX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | CAMX vs SMST | |
| Invesco DB Energy Fund | -0.31 | -0.05 | — | 72 | Oil & Gas | CAMX vs DBE | |
| ProShares Short Bitcoin ETF | -0.31 | -0.29 | — | 61 | Cryptocurrency | CAMX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.33 | -0.33 | 55 | Cryptocurrency, Leveraged Cryptocurrency | CAMX vs SBIT |
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